HUYA (HUYA) Reaches New 12-Month Low at $15.05

Shares of HUYA Inc – (NYSE:HUYA) reached a new 52-week low during trading on Thursday . The stock traded as low as $15.05 and last traded at $15.22, with a volume of 3910636 shares changing hands. The stock had previously closed at $15.81.

Several analysts have recently commented on HUYA shares. CLSA started coverage on shares of HUYA in a research report on Tuesday, September 4th. They set an “outperform” rating and a $33.00 price target on the stock. Credit Suisse Group raised shares of HUYA from a “neutral” rating to an “outperform” rating and set a $25.80 price target on the stock in a research report on Tuesday, November 13th. JPMorgan Chase & Co. started coverage on shares of HUYA in a research report on Tuesday, November 27th. They set a “neutral” rating on the stock. Citigroup started coverage on shares of HUYA in a research report on Monday, October 29th. They set a “buy” rating and a $26.00 price target on the stock. Finally, Goldman Sachs Group raised shares of HUYA from a “neutral” rating to a “buy” rating and reduced their price target for the company from $34.00 to $28.00 in a research report on Thursday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $30.76.

HUYA (NYSE:HUYA) last announced its earnings results on Monday, November 12th. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.51. The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.21 billion. HUYA’s revenue for the quarter was up 118.8% compared to the same quarter last year.

A number of hedge funds and other institutional investors have recently made changes to their positions in HUYA. Nomura Asset Management Co. Ltd. purchased a new stake in HUYA in the second quarter valued at approximately $204,000. BKS Advisors LLC purchased a new stake in HUYA in the second quarter valued at approximately $230,000. IFP Advisors Inc purchased a new stake in HUYA in the second quarter valued at approximately $901,000. SG Americas Securities LLC purchased a new stake in HUYA in the second quarter valued at approximately $662,000. Finally, Rovida Advisors Inc. purchased a new stake in HUYA in the second quarter valued at approximately $16,378,000. 6.55% of the stock is currently owned by institutional investors.

COPYRIGHT VIOLATION WARNING: “HUYA (HUYA) Reaches New 12-Month Low at $15.05” was posted by WKRB News and is the sole property of of WKRB News. If you are viewing this piece of content on another publication, it was illegally copied and reposted in violation of United States & international copyright laws. The original version of this piece of content can be read at https://www.wkrb13.com/2018/12/08/huya-huya-reaches-new-12-month-low-at-15-05.html.

About HUYA (NYSE:HUYA)

HUYA Inc, through its subsidiaries, operates game live streaming platforms in the People's Republic of China. Its platforms enable broadcasters and viewers to interact during live streaming. The company also provides advertising and online game-related services. As of December 31, 2017, its live streaming content covered approximately 2,600 games, including mobile, PC, and console games.

Read More: Bond

Receive News & Ratings for HUYA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HUYA and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply